D.A. Davidson & CO. Boosts Stake in Annaly Capital Management, Inc. (NYSE:NLY)

D.A. Davidson & CO. lifted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 6.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 317,500 shares of the real estate investment trust’s stock after purchasing an additional 19,286 shares during the quarter. D.A. Davidson & CO.’s holdings in Annaly Capital Management were worth $6,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NLY. Avior Wealth Management LLC increased its stake in Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 850 shares during the period. UMB Bank n.a. boosted its position in Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 647 shares during the period. Quarry LP acquired a new position in shares of Annaly Capital Management in the second quarter worth $36,000. EverSource Wealth Advisors LLC increased its position in shares of Annaly Capital Management by 107.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,076 shares during the period. Finally, Toth Financial Advisory Corp raised its stake in shares of Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 576 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $19.82 on Thursday. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of -283.14 and a beta of 1.52. The stock’s 50-day moving average is $19.77 and its two-hundred day moving average is $19.86.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period in the prior year, the business earned $0.66 EPS. As a group, research analysts predict that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 13.12%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NLY shares. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $23.00 in a report on Friday, September 20th. JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, October 31st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.33.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.